Journal ArticleDOI
An extension of the analytic hierarchy process for industrial R&D project selection and resource allocation
TLDR
In this article, an extension of the Analytic Hierarchy Process (AHP) for priority setting and resource allocation in the industrial R&D environment is explored, and an AHP modeling framework is developed, and is linked to a spreadsheet model to assist in the ranking of a large number of project alternatives.Abstract:
The research and development project selection decision is concerned with the allocation of resources to a set of proposals for scientific and engineering activities. The project selection and resource allocation process can be viewed as a multiple-criteria decision-making problem, within the context of the long-range and strategic planning process of the firm. The purpose of this paper is explore the applicability of an extension of the Analytic Hierarchy Process (AHP) for priority setting and resource allocation in the industrial R&D environment. In this paper, an AHP modeling framework for the R&D project selection decision is developed, and is linked to a spreadsheet model to assist in the ranking of a large number of project alternatives. Next, cost-benefit analysis and integer programming are used to assist in the resource allocation decision. The paper concludes with an evaluation of the suitability of this approach as an expert support system, and directions for future research and testing.read more
Citations
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Journal ArticleDOI
Analytic hierarchy process : An overview of applications
TL;DR: A literature review of the applications of Analytic Hierarchy Process, which aims to provide a ready reference on AHP, and act as an informative summary kit for the researchers and practitioners for their future work.
Journal ArticleDOI
A decision support system for supplier selection using an integrated analytic hierarchy process and linear programming
TL;DR: An integration of a analytical hierarchy process and linear programming is proposed to consider both tangible and intangible factors in choosing the best suppliers and placing the optimum order quantities among them such that the total value of purchasing (TVP) becomes maximum.
Journal ArticleDOI
An application of the AHP in vendor selection of a telecommunications system
Maggie C.Y. Tam,V.M. Rao Tummala +1 more
TL;DR: An AHP-based model is formulated and applied to a real case study to examine its feasibility in selecting a vendor for a telecommunications system and it is found that the decision process is systematic and that using the proposed AHP model can reduce the time taken to select a vendor.
Journal ArticleDOI
R&D project selection using the analytic network process
Laura Meade,Adrien Presley +1 more
TL;DR: The paper discusses the use of the ANP, a general form of Saaty's analytic hierarchy process, as a model to evaluate the value of competing R&D project proposals, and presents a generic ANP model developed by the authors.
Journal ArticleDOI
Using the Analytic Hierarchy Process to Structure the Supplier Selection Procedure
TL;DR: The analytical hierarchy process (AHP) is a decision-making method for ranking alternative courses of action when multiple criteria must be considered as mentioned in this paper, such as quality, price, delivery, and service.
References
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Journal ArticleDOI
A review of R&D evaluation methods
TL;DR: R&D evaluation methods and associated techniques are briefly reviewed, and the use of checklists-ranging from a simple list of elements to a catalogue of profiles, or information patterns-is investigated.
Journal ArticleDOI
Research Budgeting and Project Selection
B. V. Dean,S. S. Sengupta +1 more
TL;DR: In this paper, a study of decision-making in the area of research budgeting and project selection is presented, and a solution is presented for the general R and D budgeting problem, involving a budgeting model.
Journal ArticleDOI
Strategic planning for investment in R&D using decision analysis and mathematical programming
Gregory R. Madey,Burton V. Dean +1 more
TL;DR: In this paper, the authors investigated the strategic planning and investments associated with research and development (R&D) project selection and budgeting within a division of an aerospace firm, where several forms of a multi-attribute utility (MAU) objective function are maximized using mathematical programming techniques.
Journal ArticleDOI
Project Appraisal Methodology: A Multidimensional R&D Benefit/Cost Assessment Tool
TL;DR: Results seem to indicate that the common formulation of the resource allocation optimization problem is not appropriate in a highly uncertain environment such as energy forecasting.